IIJ Technology to buy Yamatane trading technology business

IIJ Technology to buy Yamatane trading technology business

IIJ Technology, a majority-owned subsidiary of Internet Initiative Japan, has signed a memorandum of understanding to acquire Tokyo-based Yamatane's trading technology and services business.

The Yamatane business develops and manages over-the-counter securities systems on a subcontracting basis for companies.

IIJ-Technology says the acquisition will allow it to develop systems for brokers who are taking advantage of deregulation of over-the-counter sales of securities.

Negotiations are under way for IIJ-Technology to sign a definitive agreement on 17 September 2004, with the deal expected to close in October.

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